Phillips curves, behavioral economics and post-Keynesian macroeconomics

Peter Skott*

*Kontaktforfatter

Publikation: Bidrag til bog/antologi/rapport/konference proceedingBidrag til bog/antologiForskningpeer review

Abstract

Post-Keynesians have questioned the relevance of behavioral economics on methodological grounds, citing the predominant focus of the behavioral literature on possible deviations of individual behavior from extreme standards of perfect optimization. The very limited influence of behavioral economics on post-Keynesian economics is unfortunate, however: it would be a serious mistake to ignore the insights and empirical evidence from behavioral economics. The influence of norms of fairness on wage formation and inflation is used to illustrate this argument.
OriginalsprogEngelsk
TitelPost-Keynesian Economics for the Future : Sustainability, Policy and Methodology
Antal sider16
ForlagEdward Elgar Publishing Ltd.
Publikationsdato12 jan. 2024
Sider124-139
Kapitel8
ISBN (Trykt)9781035307500
ISBN (Elektronisk)9781035307517
DOI
StatusUdgivet - 12 jan. 2024
NavnNew Directions in Modern Economics series

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